Bulls lifted the benchmark index of the Pakistan Stock Exchange in the first half of the trading session on Tuesday. However, subsequent profit-taking shaved off the earlier gains even though the index still closed in the positive territory, said JS Global. A lack of triggers resulted in a dull-volume session, it added. According to Arif Habib Ltd, trading remained range-bound because invest
The International Monetary Fund (IMF) is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, sources familiar with the matter told Reuters. The plan, which has not previously been reported, will be presented at an informal board session. It would allow the IMF to help Ukraine and ot
India’s restrictions on rice exports have paralysed trading in Asia, with buyers scouring for alternative supplies from Vietnam, Thailand and Myanmar where sellers are holding off on deals as prices rise, industry officials said. India, the world’s biggest exporter of rice, banned shipments of broken rice and imposed a 20% duty on exports of various other types on Thursday as the country tries
The Pakistani rupee has continued to face battering on the seventh consecutive working day, shedding 0.715% (or Rs1.64) on a day-to-day basis to close at a five-week low of Rs229.82 against the dollar in interbank market on Monday. The currency had closed at Rs228.18 against the greenback on Friday, according to the central bank. Currency dealers at the open market continued to sell the dome
Some 27 projects worth $19 billion have so far been completed under the China-Pakistan Economic Corridor (CPEC) while 63 more with investment of $35.2 billion are scheduled to be completed by 2030, a report titled “Overview of Pakistan’s Power Sector and its Future Outlook” issued by the China Three Gorges South Asia Investment Ltd (CSAIL) revealed. According to the report, 27 projects are at i